More than one-third of respondents to a SunTrust Bank survey reported that the main conflict in their marriage was over money. The Federal Reserve Board reports that couples who have similar credit scores are more likely to stay together than those whose scores show a greater disparity. People with higher credit scores are also more likely to remain in a committed relationship. Despite this, there is also some evidence that wealth makes people in Charlotte and around the country more likely to … [Read more...]
Determining alimony in North Carolina divorce cases
Divorcing couples in North Carolina and around the country are often unclear about how alimony is calculated. This is a contentious issue that can derail divorce negotiations and lead to protracted legal battles, but understanding why alimony is ordered and how judges approach the matter could help spouses to avoid this pitfall. Discussing the topic unemotionally is especially important when the spouse initiating divorce proceedings will be receiving alimony payments or one spouse earns … [Read more...]
Study looks at link between workplace and divorce
Farmers and librarians in the Charlotte area may be among the least likely people to get a divorce while people who work in restaurants and hotels may be among the most. A study by researchers at Stockholm University that appeared in Biology Letters on Sept. 25 looked at the connection between a person's workplace and divorce and found that these were the professions with the highest and lowest divorce rates. Primarily, the study was looking at whether people in heterosexual marriages who … [Read more...]
Divorce after age 50 can be hard on someone’s health
Divorcing at or over the age of 50 can be bad for a Charlotte resident's health. This is significant because the divorce rate for people in this age group has doubled since 1990. Researchers at Bowling Green State University have been studying what is called gray divorce for many years and found several explanations for why it is on the rise. These explanations include an increase in the overall U.S. life expectancy, increasing financial autonomy for women and changing societal expectations … [Read more...]
Why some couples might want a prenuptial agreement
Before getting married, soon-to-be spouses in Charlotte might want to consider the benefits of getting a prenuptial agreement. Despite its negative reputation, a prenup can actually open the lines of communication for a couple. For a prenup to be valid, both people must get legal counsel, and neither may conceal any financial assets. A prenup can be particularly important for someone who owns a business, has a blended family or is getting married for the second time. The documents can protect … [Read more...]
Creating rules for two homes after a divorce
North Carolina parents who are going through a divorce will have to figure out a co-parenting agreement. One of the challenges families face is dealing with two different sets of house rules. While this may not seem like a big deal, having different standards in each home can be confusing for children. After a divorce, children need order and constancy. A unified set of rules for both houses can help accomplish this. One parent might be more stern in some instances, but it is better to have the … [Read more...]
Tips for co-parenting with a difficult former spouse
Parents in Charlotte who are divorced might struggle in co-parenting with a former spouse. However, if the conflict is largely between the parents and not the result of serious problems such as domestic abuse, one parent might be able to take action to improve the situation. The most important thing the parent can do is remember to keep the focus on the child. Remembering that the child's well-being is what matters may help in navigating the relationship with the other parent. As part of this … [Read more...]
More older Americans choose divorce
The face of divorce for people in North Carolina and around the country may be a young couple. However, it is becoming increasingly common for couples in the baby boomer generation and older to choose divorce. Since 1990, the divorce rate among Americans aged 50 and up has doubled. In the same period, the same rate for people aged 65 and older has tripled. There is a wide range of factors that can contribute to this seemingly surprising fact about older Americans' marital relationships. Divorce … [Read more...]
Divorce rates connected to wedding date choices
People in Charlotte planning for their weddings and setting a date for the marriage rarely think about divorce during the occasion. There are a number of reasons why people may choose a particular wedding date; in some cases, it is convenient for the couple's family and friends, and in other cases, it marks an anniversary or other significant occasion. Couples may even choose a wedding date in order to save on their venue costs. However, couples who choose a romantic holiday or other particular … [Read more...]
Tax law changes can affect divorce settlements
People in Charlotte considering divorce may wonder about the impact that tax reforms will have on the end of their marriages. Divorce can bring significant changes to people's annual tax returns, and the types of changes will soon themselves be strikingly different. Tax reforms passed into law as part of the 2017 Tax Cuts and Jobs Act will go into effect in 2019, reversing the way that alimony and spousal support have been treated in the U.S. tax code for almost 80 years. While the changes … [Read more...]
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